BHP Billiton exploring options for its U.S. shale oil business, including sale

The shale oil business is no more a core asset for the company. The development is pregnant with potential.

BHP Billiton’s CEO Andrew Mackenzie has disclosed that a number of parties are interested in acquiring the company’s U.S. shale business.

On Tuesday, Mackenzie had stated that the shale oil division was no longer a core asset for the company and that it was exploring option for its divestment while declining to name a potential price for the divestiture.